By Randolph Donney — Aug 21 - 03:35 PM
USD/JPY is almost back up to Aug's 2023 peak at 146.565
Fri's pullback was caught by the rising 200-HMA, last at 145.10
Dip-buying bias persists while above that MA
Some risk of bearish divergence by RSIs if new price highs are limited
There are one-off historical hurdles at 146.59/79 on EBS
Upper 30-wk and day Bollis are at 147.00/28 and rising
2023's rising channel top will be at 148.31 on Tuesday
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Source:
Refinitiv IFR Research/Market Commentary